project44 Nabs $80M Funding at $2.7B Valuation
CHICAGO, IL, project44, the leading supply chain visibility platform, announced today that it raised an $80 million funding round.
The round was led by Generation Investment Management, the sustainable investment management firm, and A.P. Moller Holding, a privately held investment company, based in Denmark. CMA CGM, a global player in sea, land, air and logistics solutions, joined the round along with previous investors Goldman Sachs Asset Management ("Goldman Sachs"), TPG, Emergence Capital, Chicago Ventures, Sapphire, 8VC, Sozo Ventures and Omidyar Technology Ventures.
The round now values project44 at $2.7 billion, up 12% from the valuation of its Series F announced on January 11, 2022. With the company already on a glide path to profitability, the additional funding will drive several key initiatives including measuring and mitigating supply chain emissions globally, across all modes of transportation.
project44 is on a mission to make supply chains work. As the supply chain connective tissue, project44 operates the world's most trusted neutral end-to-end visibility platform that tracks more than 1 billion unique shipments annually for over 1,200 of the world's leading brands, including top companies in manufacturing, automotive, retail, life sciences, food & beverage, and oil, chemical & gas. Using project44, shippers and carriers across the globe drive greater predictability, resiliency and sustainability.
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